SMC plans industrial estate in Mandaue, Cebu

Diversified conglomerate San Miguel Corp. (SMC) on Thursday said it is looking to build an industrial estate in Mandaue City, Cebu as part of its commitment to boost manufacturing activity in the country and generate employment outside the capital.

In a statement, SMC said the project will be jointly undertaken with the City Council of Mandaue.

It will house a processed foods plant, feed mill, other manufacturing facilities, and a port terminal, the company added.

“We look forward to growing our presence in Mandaue City. This major development is an important part of San Miguel’s current expansion in key regions nationwide,” SMC president and COO Ramon Ang said.

“Our aim is to support and accelerate our country’s economic development by investing in strategic and emerging growth areas. With this investment, we hope to help accelerate the city’s and the region’s overall growth and bring more jobs to our countrymen here,” Ang said.

Mandaue City Mayor Luigi Quisumbing welcomed the development.

“It’s a strong validation of Mandaue City’s status as a premiere investment destination not just in Cebu and the Visayas, but the entire country,” Quisumbing said. — BM, GMA News